Independent Michigan Title Agents Form State Organization

We are proud to announce that Michigan independent land title agents have formed the Michigan Association of Independent Land Title Agents (MAILTA) in affiliation with the National Association of Independent Land Title Agents (NAILTA). The newly-formed organization is now taking membership applications from interested parties. If you would like to out more information about MAILTA membership opportunities, please send…

Ellison Speaks Out against HR 5461 and on behalf of Independent Settlement Agents and Consumer’s

As the congress continues to lash out at the Dodd-Frank Bill and attempt to diminish its effectiveness, certain members of congress continue to wage the fight for preservation of the law, maintaining the integrity of the settlement process and protecting  the consumer. NAILTA is proud to be a supporter of Congressman Ellison and members of…

The Insurance Capital Standards Clarification Act of 2014 (H.R. 5461).

According to our sources on Capitol Hill in Washington, D.C., proponents of the so-called Mortgage Choice Act (H.R. 3211) have attached their bill to a new piece of federal legislation heading to a roll-call vote today.  The new bill is The Insurance Capital Standards Clarification Act of 2014″ (H.R. 5461).  H.R. 5461 is designed as…

CFPB Publishes New Online Resources to Help You Comply with Joint Disclosure Rule Changes

This month, the Consumer Financial Protection Bureau (CFPB) released several new compliance guides to help settlement agents understand the upcoming changes to the HUD-1 Settlement Statement and Good Faith Estimate.  As you know, those changes occur on August 1, 2015.  In particular, the CFPB has released a small business compliance guide to help you understand…

CFPB – ANNOUNCES MORTGAGE ECLOSING PILOT PARTICIPANTS

Bureau to Assess Benefits of Electronic Mortgage Closings WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today announced the selection of participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year, and will explore how the increased use of technology during the mortgage closing process could affect consumer understanding…